Samsung to Cease LCD Manufacturing in June Finish: Report


Samsung Show will cease producing LCDs on the finish of June, six months forward of the beforehand deliberate deadline. Business insiders revealed competitors was too robust, and Samsung Group wished to cut back its losses.

In response to a report in Korea Occasions, Samsung Show has taken the choice to finish LCD manufacturing hobbled by a declining world aggressive edge as a consequence of cheaper merchandise made by its Chinese language and Taiwanese counterparts. Nevertheless, the corporate has not introduced any funding plan particulars since.

A report from Show Provide Chain Consultants (DSCC), a US market analysis agency, acknowledged that the typical value index of LCD panels, measured towards 100 in January 2014, will fall to 36.6 in September of this yr. The determine has dropped farther from the document low of 41.5 in April of this yr, and 58 % decrease than the document excessive of 87 in June 2021.

Samsung had earlier deliberate to close down its LCD enterprise in 2020, however as a consequence of COVID-19 and the demand for cheaper house leisure gadgets (together with low-cost smartphones and tablets), the corporate postponed this main step.

Samsung Show’s choice to increase LCD manufacturing in South Korea for an unspecified time period overrode its announcement in March that it could finish all manufacturing by the top of the yr to deal with extra superior expertise. Samsung Show then introduced that the size of the extension would rely on market situations. It had mentioned in late October that it was contemplating a “short-term” extension.

Firm personnel have been unavailable for remark, and there’s info on the funding plan’s specifics presently.


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